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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: moufassa7 who wrote (11786)	2/3/2003 11:30:10 AM
From: LindaSawyer	Respond to of 13660

IMO, the bottom line in the ISM report is that the overall economy—and manufacturing in particular—is growing (anemically), but its rate of growth is slower, month over month. Is that encouraging? I don’t think we’re going to see NAZ 1340 penetrated today, let alone 1363. The whole world is waiting to see what Powell has under his vest. But as important an effect as the war will be for the economy, other more long-lasting (bad) influences will continue to push the markets lower. Thanks for the information and opinion. Signing off (for now).

To: moufassa7 who wrote (11786)	2/3/2003 1:42:02 PM
From: Joe Smith	Respond to of 13660

Buried in that "rosy" construction report: " For the year as a whole, spending on factories and plants fell 43.8 percent from 2001, the Commerce Department said. Outlays for office buildings dropped 27.3 percent, while spending for hotels and motels slid 29.1 percent, the government said." From the by the way department.